Bitcoin Forum
June 26, 2016, 06:31:17 AM *
News: Latest stable version of Bitcoin Core: 0.12.1 [Torrent]
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 [65] 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 ... 1349 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3510054 times)
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
January 17, 2013, 01:30:39 PM
 #1281

However, the shareholders of ASICMINER are always in a better place

Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
1466922677
Hero Member
*
Offline Offline

Posts: 1466922677

View Profile Personal Message (Offline)

Ignore
1466922677
Reply with quote  #2

1466922677
Report to moderator
CEX.IO Instant Deposit/Withdrawal. Low Fees - From $3.80 Visa MasterCard
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1466922677
Hero Member
*
Offline Offline

Posts: 1466922677

View Profile Personal Message (Offline)

Ignore
1466922677
Reply with quote  #2

1466922677
Report to moderator
1466922677
Hero Member
*
Offline Offline

Posts: 1466922677

View Profile Personal Message (Offline)

Ignore
1466922677
Reply with quote  #2

1466922677
Report to moderator
DiabloD3
Legendary
*
Offline Offline

Activity: 1162


DiabloMiner author


View Profile WWW
January 17, 2013, 01:43:39 PM
 #1282

However, the shareholders of ASICMINER are always in a better place

Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.

Yeah, this. It still pisses me off how BFL abused all of their investors by calling them customers and called their investments preorders. Between BFL and bASIC, a lot of bullshit has gone on that ASICMINER and Avalon and the entire Bitcoin community could have done without.

DutchBrat
Hero Member
*****
Offline Offline

Activity: 868


View Profile
January 17, 2013, 01:47:37 PM
 #1283

Thanks for the update.

Few questions:
1. Can you say with more certainty how much TH this batch of chips (the full 12 wafers) will yield?
2. What is the status of the trading platform?
3. I am guessing the deployment will take place over a period of 2 weeks, bringing boards online as you get them, or will you get all of them back in 2 weeks or more?
4. Any ASIC miner picture you can share with us? (not the actual asic chip but a working miner)

Thanks!
phantastisch
Staff
Legendary
*
Offline Offline

Activity: 1428



View Profile
January 17, 2013, 02:20:19 PM
 #1284

Are you still confirming shares? I am still waiting.

GPG : 57C2B3A5
Just leave it alone, leave it alone every time my destruction is on your mind,
before you find that you have tested my resolve one too many times.
niko
Hero Member
*****
Offline Offline

Activity: 742


There is more to Bitcoin than bitcoins.


View Profile
January 17, 2013, 02:30:37 PM
 #1285

Friedcat, thank you for the update and for all the quality work.  I will repeat my question from few pages ago, as it is still unanswered. There are some conflicting statements and interpretations throughout this thread, so we need a definitive answer:

After investors have received their 0.1 btc per share, further profits will be distributed as (assuming X was the number of shares sold to the investors) -

(1) 1/400`000 per share, regardless of X, or

(2) 1/(200`000+X) per share, or

(3) 1/(2X) per share

 Huh

Please clarify.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
SgtSpike
Legendary
*
Offline Offline

Activity: 1344



View Profile
January 17, 2013, 06:07:27 PM
 #1286

However, the shareholders of ASICMINER are always in a better place

Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.
I thought this was because the shareholders are actual shareholders in ASICMINER?  With BFL, the preorders are just that - preorders.
irritant
Sr. Member
****
Offline Offline

Activity: 397


Sodium hypochlorite, acetone, ethanol


View Profile
January 17, 2013, 07:32:14 PM
 #1287

However, the shareholders of ASICMINER are always in a better place

Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.
I thought this was because the shareholders are actual shareholders in Avalon?  With BFL, the preorders are just that - preorders.

typo? actual shareholders in ASICMINER (because this is the ASICMINER thread)
SgtSpike
Legendary
*
Offline Offline

Activity: 1344



View Profile
January 17, 2013, 10:10:48 PM
 #1288

However, the shareholders of ASICMINER are always in a better place

Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.
I thought this was because the shareholders are actual shareholders in Avalon?  With BFL, the preorders are just that - preorders.

typo? actual shareholders in ASICMINER (because this is the ASICMINER thread)
Typo!  Whoops, will go correct my post.
SebastianJu
Legendary
*
Offline Offline

Activity: 1470


Free Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
January 17, 2013, 11:25:04 PM
 #1289

However, the shareholders of ASICMINER are always in a better place

Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.

Yeah, this. It still pisses me off how BFL abused all of their investors by calling them customers and called their investments preorders. Between BFL and bASIC, a lot of bullshit has gone on that ASICMINER and Avalon and the entire Bitcoin community could have done without.

But it was pretty clear from the start that you invest as a shareholder in asicminer and that the chips from bfl has to be created first. That wasnt hidden. So everyone who bought there played the game and lost. That happens. But i dont think thats a reason to blame bfl. They are late but that was part of the things that can happen from the start.

Naelr
Full Member
***
Offline Offline

Activity: 231


View Profile WWW
January 18, 2013, 12:10:08 AM
 #1290

Are you still confirming shares? I am still waiting.

As am I .. I sent friedcat a PM but have nothing and that was months ago... figured I would just wait until it gets close.... well

it is close!!!!

Naelr

Join me in hosted mining.  And always use 2 Factor Auth whenever possible.
CEX.IO hosting mining
Deprived
Hero Member
*****
Offline Offline

Activity: 532


View Profile
January 18, 2013, 01:29:54 AM
 #1291

Are you still confirming shares? I am still waiting.

As am I .. I sent friedcat a PM but have nothing and that was months ago... figured I would just wait until it gets close.... well

it is close!!!!

Naelr

He's still confirming them - only got my confirmation email of how many shares I have this week.
friedcat
Donator
Legendary
*
Offline Offline

Activity: 848



View Profile
January 18, 2013, 01:36:11 AM
 #1292

Friedcat, thank you for the update and for all the quality work.  I will repeat my question from few pages ago, as it is still unanswered. There are some conflicting statements and interpretations throughout this thread, so we need a definitive answer:

After investors have received their 0.1 btc per share, further profits will be distributed as (assuming X was the number of shares sold to the investors) -

(1) 1/400`000 per share, regardless of X, or

(2) 1/(200`000+X) per share, or

(3) 1/(2X) per share

 Huh

Please clarify.
Sorry for delaying. It's (1) regardless of X. Its downside of is that the portion is less than (2) and (3) somehow. While the upside is that it will not go diluted when later investments come in because it's always 1/400,000 no matter how Bitfountain itself gets diluted.

niko
Hero Member
*****
Offline Offline

Activity: 742


There is more to Bitcoin than bitcoins.


View Profile
January 18, 2013, 01:42:47 AM
 #1293

Friedcat, thank you for the update and for all the quality work.  I will repeat my question from few pages ago, as it is still unanswered. There are some conflicting statements and interpretations throughout this thread, so we need a definitive answer:

After investors have received their 0.1 btc per share, further profits will be distributed as (assuming X was the number of shares sold to the investors) -

(1) 1/400`000 per share, regardless of X, or

(2) 1/(200`000+X) per share, or

(3) 1/(2X) per share

 Huh

Please clarify.
Sorry for delaying. It's (1) regardless of X. Its downside of is that the portion is less than (2) and (3) somehow. While the upside is that it will not go diluted when later investments come in because it's always 1/400,000 no matter how Bitfountain itself gets diluted.
Thanks. This is what the contract states, but there were some confusing interpretations in the thread, so it needed clarification.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
midnightmagic
Member
**
Offline Offline

Activity: 76


View Profile
January 18, 2013, 11:13:09 PM
 #1294

I also have not had my shares confirmed yet.
SebastianJu
Legendary
*
Offline Offline

Activity: 1470


Free Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
January 19, 2013, 12:14:23 AM
 #1295

Dont worry guys. Friedcat didnt show any sign till now that something is fake with the project. So i dont believe that you will lose any money. I think he still is confirming but has more important things to do. So i think he should work on that. You wont have to fear to lose anything if your claims were right.

novusordo
Sr. Member
****
Offline Offline

Activity: 337



View Profile
January 19, 2013, 02:50:08 AM
 #1296

Dont worry guys. Friedcat didnt show any sign till now that something is fake with the project. So i dont believe that you will lose any money. I think he still is confirming but has more important things to do. So i think he should work on that. You wont have to fear to lose anything if your claims were right.

Even if he doesn't get around to all the shares before the ASICs are up and running, he will know how much BTC to keep for the unconfirmed shares.

Time is more valuable than money. You can get more money, but you cannot get more time.
GPG | OTC
midnightmagic
Member
**
Offline Offline

Activity: 76


View Profile
January 19, 2013, 07:42:55 AM
 #1297

Ah, there we go. I just received a reasonable-looking email confirming shares, and bitcoin address.
samson
Legendary
*
Offline Offline

Activity: 1078


View Profile
January 19, 2013, 08:28:25 AM
 #1298

Do we know if any blocks have been mined using ASIC devices yet, even if it's only a test on a prototype board ?
matauc12
Hero Member
*****
Offline Offline

Activity: 658


View Profile
January 19, 2013, 01:11:47 PM
 #1299

However, the shareholders of ASICMINER are always in a better place

Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.

Yeah, this. It still pisses me off how BFL abused all of their investors by calling them customers and called their investments preorders. Between BFL and bASIC, a lot of bullshit has gone on that ASICMINER and Avalon and the entire Bitcoin community could have done without.

But it was pretty clear from the start that you invest as a shareholder in asicminer and that the chips from bfl has to be created first. That wasnt hidden. So everyone who bought there played the game and lost. That happens. But i dont think thats a reason to blame bfl. They are late but that was part of the things that can happen from the start.
The thing is, in North America you are not allowed to accept payment for an item that is not ready to ship. You probably noticed that if you order something backordered they will refund the payment and recharge once they receive the item and ship (if payment was cleared at checkout, if not they will just charge later). Or when you preorder something (a PS3 game for example) you merely save your place in queue and they charge on the release date. BFL was not allowed to take the money before building the rigs. And they knew it too, because I initially ordered some and they were saying "no refunds", and I just emailed saying I want a refund because it is not legal and I would pursue ligitigation if they refused. Next day, full refund no questions asked. That people knew or not that the items were not ready does not make taking money first then manufacture legal. So yeah, they are to blame to use illegal practice to run their business.
keystroke
Hero Member
*****
Offline Offline

Activity: 817


The coin remains strong.


View Profile
January 20, 2013, 06:34:16 AM
 #1300

Dont worry guys. Friedcat didnt show any sign till now that something is fake with the project. So i dont believe that you will lose any money. I think he still is confirming but has more important things to do. So i think he should work on that. You wont have to fear to lose anything if your claims were right.
+1

"The difference between a castle and a prison is only a question of who holds the keys."
Pages: « 1 ... 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 [65] 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 ... 1349 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!